MULTI USE 3.5 PRIME ACRES

Special Purpose for Sale
Catylist Listing ID: 30815839
Building Size (RSF): 11,721 SF
Gross Building Area: See Agent
Gross Land Area: 3.58 Acres
Sale Price: $2,500,000
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/10/2022

Overview / Comments

Prime 3.58 acres with great visibility and 800 feet of road frontage located just east of the Charlottesville City limits. 4,038 S.F. residence with 7,000 S.F. commercial grade shop and add'l 1,000 S.F. covered area. Main level of house has has basement apartment. Shop has office area, separate & spacious meeting area with kitchen and seating for 40 people, 5 overhead doors, vehicle lift, up stairs offers spacious storage. Best Use recommended from engineering studies of the property is Residential Urban Density Mixed Use.

Additional Details

Nearest MSA: Charlottesville
County: Albemarle
Taxing Authority: Albemarle County
Tax ID/APN: 496979901008
Property Located Between: East of Charlottesville City Limits approx .1 mile from 250E on Stony Point Road
Property Visibility: Excellent
Largest Nearby Street: 250 E and Stony Point Road
Feet of Frontage: 800
Airports: Approx. 7 miles
Site Description: Highly visible. Separate driveways off Stony Point for house and shop.
Area Description: In the middle of growth area with Riverside Village directly across the street, commercial offices, next door to recently constructed WAWA and Holiday Inn Express & Suites
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Excellent
Year Built: 1965
Year Renovated: 2009
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Paved entrance and spacious parking at the house, gravel entrance and spacious parking at the shop.
Heat Type: Oil
Heat Source: Heat Pump, Other
Internet Access: Cable, DSL
Zoning Description: R1 Residential. Engineering studies recommend best use as Urban Density Residential Mixed Use. Property is in DA(Development Area) Pantops Master Plan Area. Urban Density Residential (6 to 34 Dwelling Units/acre, religious assembly uses, schools and child care, institutuonal Secondary commercial , retail, & offices.
In Flood Plain?: Yes
Water Service: Well
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Owned
Legal Description: Tax map and parcel 78-58KO (Parcel #07800-00-00-058KO

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,606 59,242 89,553
Median Age: 36.26 33.28 33.46
Households: 2,249 24,687 35,424

Contact

Photograph of Listing Agent

Peggy Dettor

Herring Auction & Realty
CVCMLS Member
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